Hungary to cut payroll tax to boost job creation: minister

May 30, 2019

BUDAPEST (Reuters) – Hungary’s government will cut the payroll tax by another 2 percentage points to 17.5 percent from July to boost job creation, Finance Minister Mihaly Varga said on Thursday.

The measure will cost 144 billion forints ($493 million) this year and 156 billion forints next year, Varga told a news conference, announcing a stimulus package including cuts in an advertising tax and the value-added tax on accommodation services.

(Reporting by Gergely Szakacs; Editing by Edmund Blair)

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